Printer Friendly

COMMUNITY BANK SYSTEM: EDWIN J. LYONS ANNOUNCES RETIREMENT DATE

 COMMUNITY BANK SYSTEM: EDWIN J. LYONS ANNOUNCES RETIREMENT DATE
 SYRACUSE, N.Y., Jan. 22 /PRNewswire/ -- After a career spanning 34 years with Community Bank System, Inc. (NASDAQ: CBSI) and its predecessors, Edwin J. Lyons, president and chief executive officer, today announced his intention to retire at the end of 1992. He will continue as a director and will be a member of the executive committee of the board. A search committee consisting of six outside directors has been formed to identify a successor among both internal and external candidates.
 "I feel this is an appropriate time to step down," Lyons said. "We have accomplished the goal of creating a strong and cost-effective Upstate franchise by consolidating our five affiliate banks into a single new bank, Community Bank, N.A. The positive effects of that integration are already visible in our earnings and by the end of the year, we will see the full benefit."
 William D. Stalder, chairman of the board said, "We are sorry that Ted is retiring but we believe he has left his successors a first class operation that will be among the best-performing banks in the region. We will continue to benefit from his counsel as a member of the executive committee of the board and we are pleased that there will be ample time there will be ample time to name his successor and make a smooth transition."
 Edwin J. Lyons began his career with The St. Lawrence National Bank in 1958, when its assets were $4 million. He was named president of that bank in 1971, assets having risen to $22 million. He has been president an chief executive officer of the Community Bank System, Inc., since its founding in 1983. Assets of the banking company at year end were $635 million.
 -0- 1/22/92
 /CONTACT: Edwin J. Lyons, president and CEO of Community Bank System, 315-445-2282/
 (CBSI) CO: Community Bank System Inc. ST: New York IN: FIN SU: PER


SM-TS -- NY059 -- 2304 01/22/92 12:28 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 22, 1992
Words:336
Previous Article:SILTATION ON SMITH CREEK CAUSED BY LAKE DAM GATE MALFUNCTION AT UNICOI STATE PARK
Next Article:AMERICAN AIRLINES CARGO DIVISION ANNOUNCES RECORD CARGO VOLUME FOR MONTH OF DECEMBER
Topics:


Related Articles
COMMUNITY BANK SYSTEM DECLARES DIVIDEND
COMMUNITY BANK SYSTEM COMPLETES MERGER OF BANKS
COMMUNITY BANK SYSTEM SIGNS DATA PROCESSING AGREEMENT WITH MELLON BANK
EARNINGS AT COMMUNITY BANK SYSTEM UP SHARPLY FROM PRIOR YEAR'S RESULTS
COMMUNITY BANK SYSTEM DECLARES DIVIDEND
COMMUNITY BANK SYSTEM DECLARES DIVIDEND
ALAN M. LEBERKNIGHT TO BECOME CEO OF THE BANK OF BALTIMORE; EDWIN F. HALE, SR. WILL BE CEO OF BALTIMORE BANCORP
COMMUNITY BANK SYSTEM, INC. DECLARES DIVIDEND
COMMUNITY BANK, N.A. NAMES NEW PRESIDENT
WAGNER ELECTED CHAIRMAN OF OLD KENT FINANCIAL CORPORATION

Terms of use | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters